Emerging market equities remained attractive due to supportive valuations, structural growth trends and diversification benefits.
This week we added to emerging market equity exposure across the fund of funds portfolios through further allocation to the Merlin Fidelis Emerging Markets Fund.
This fund has continued to grow its assets since its recent launch, both through performance and attracting new investors. The latter provides us the opportunity to increase the position whilst not becoming a dominant holder of the fund.
